http://www.urbanmoms.ca/mt/mt-cp.cgi?__mode=view&blog_id=52&id=29795
The private real estate investment and management firm is renegotiating leases with tenantss at the same time it is tryinv to clear up debt issuesw withits lender. Broadway, which lost ownership of the Hancoclk Tower after it defaulted on a has debt that maturesthis month. The financing in questionm is secured by several includingthe 980,000-square-foot Bay Colony. Broadway is in discussions with lenderz to renegotiate the term s ofthe loan. Broadway was given an extensionn onthe loan, which was due earliet this month, according to a source with knowledgr of the situation. However, the landlord renewed MultiPlahn Inc.
, which leases 105,062 square and Matrix Partners, whichu leases 11,421 square feet, at the office CB Richard Ellisrepresentedr MultiPlan. DTZ/FHO Partners represented Broadway Partners and Matridx in thelease negotiations. Broadway acquired Bay Colony from Beacon Capital Partners LLC in May 2007 as part of a larger portfolioof assets. The four-building complex office park sits ona 58-acres site overlooking Route 128.
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